Selling a boat myself to another private party - Need Advice
#21
If he banks at any major bank, a branch should be near and able to help you. Like I have a U.S bank account, home branch is in Washington, but I was able to get a cashiers check at a branch near San Francisco. Out of city and home state. You should be able to go to any branch, assuming its not a credit union with limited branches available.
#22
#24
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If the other party is financing he should bring a bank check made out to you or to your bank if you still have a lien or a combo of both. Don't turn over the title until the check clears. Demand a bank certified or cashiers check, not a personal check.
Last edited by Ing; 02-06-2015 at 11:19 PM.
#25
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Non-refundable deposit for sea trial, that covers your time and expense, cleaning etc.. I usually charge $250.....weeds out the looky lous and can be applied to purchase price.
Agree on the one hour drive, what a dream! All the boats I buy are in TX or on the East coast! Long drive from Colorado. And when I sell them, they are usually sold to people in NY, Great Lakes, or LOTO. Cash or Wire Transfer are only methods that buyer cannot back out of should they change their mind in a day or two. The last three boats I sold, were sold sight unseen, wire transfer or bank check clearing my account before boat leaves my possession.
Good Luck!!
Agree on the one hour drive, what a dream! All the boats I buy are in TX or on the East coast! Long drive from Colorado. And when I sell them, they are usually sold to people in NY, Great Lakes, or LOTO. Cash or Wire Transfer are only methods that buyer cannot back out of should they change their mind in a day or two. The last three boats I sold, were sold sight unseen, wire transfer or bank check clearing my account before boat leaves my possession.
Good Luck!!
#26
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He brings cash or certified check from a bank in your area, sign title over, bill of sale for trailer and boat (incl engine transom and drive numbers) and make copies for yourself.
Why complicate everything.
Why complicate everything.
#28
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Location: monroe michigan
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When i bought mine had a rough agreement for purchase price set up and paid survey,final offer dependant on survey.Next day got survey,made offer.Seller accepted offer told him it would be a cash transaction.He owed money to bank met him at bank.He paid off his loan got a bill of sale notarized, got copy of his payoff. After all the horror stories, I got an honest deal, a great boat as advertised.
Driving across 3 states with a truckload of cash made me nervous,lol. I lied about price on bill of sale almost half of purchase price put it on title transfer form,DMV lady didn't think twice, should of said 10k would of save alot of tax.
Driving across 3 states with a truckload of cash made me nervous,lol. I lied about price on bill of sale almost half of purchase price put it on title transfer form,DMV lady didn't think twice, should of said 10k would of save alot of tax.
#29
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That is serious intent from a perspective buyer in my opinion.
#30
My particular buyer plans on a survey and mechanical inspection and he will be paying to winterize afterwards, so i wasnt going to ask for a deposit. I am figuring if he is going to invest $3-400 in all that, i wasnt going to ask for a deposit.